Solana’s Price Dive: Long Squeeze as Catalyst for Recent Decline

Solana’s price has experienced a notable drop in recent weeks, falling below the $150 threshold it maintained for approximately a month. The market shift responsible for this decline is attributed to a significant long squeeze involving around $50 million in liquidated positions. 💰 This triggered heightened selling pressure and caused prices to plummet below the critical psychological level of $150. Experts believe that these large-scale liquidations have played a significant role in driving Solana’s price down.